Economics on Tap: Airport Edition

Marketplace All-in-One

Marketplace

News, Business

4.8 • 1.3K Ratings

🗓️ 2 May 2025

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today’s episode, Kimberly joins "Economics on Tap" from the Toronto airport. We’ll unpack President Trump’s elimination of a tariff loophole known as the de minimus exemption that went into effect today, meaning low-cost shipments will no longer enter the United States tariff-free. Without it, Americans could start to feel some serious tariff pain. And, President Trump is renewing threats to revoke Harvard University’s tax-exempt status. Plus, we’ll play a round of Half Full/Half Empty.

Here’s everything we talked about today:

-"Trump's tariffs come for fast fashion, and the blowback could be fierce." from Politico

-"Harvard President Says Any Move to Revoke Tax-Exempt Status Would Be ‘Highly Illegal’" from The Wall Street Journal

-"Trump aims to cut $6 billion from NASA budget, shifting $1 billion to Mars-focused missions" from CNBC

-"Visit this store for a free iris scan to ‘prove’ you’re human, not AI" from The Washington Post

-"MoviePass’ Next Big Bet: A Fantasy Box Office App" from The Hollywood Reporter

-"A little retirement, as a treat" from Marketplace

Got a question for the hosts? Email [email protected] or leave us a voicemail at 508-U-B-SMART.

Transcript

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0:58.7	Hi, everybody. I'm Kyle Rousdahl. Welcome back to Make Me Smart. Where we make today make sense.
1:11.6	Hey, I'm Kimberly Adams.
1:12.8	I'm joining you all from the Toronto Airport.
1:15.4	This is Economics on Tap, our weekly happy hour.
1:18.3	And it is Friday, May the 2nd.
1:21.0	We made it through another week.
	...

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